Southside 21 Power Road

How often does a dwelling with an income, in the core of Southside, come onto the market? This property is a great addition to any savvy investor's portfolio with the potential for renovation to further your rental yield.

Currently tenanted with a collective rental return of $750 per week, with immediate potential for an increase and further growth with some renovations, the opportunities are endless. Please be advised that unit 2 will have a rent increase to $370 taking effect on 15/09/2024 that will increase the total yield to $870.

This exceptional offering consists of 3 seperate accomodatIons, 2 x 2 bedrooms and 1 x 3 bedroom.

Set on a substantial allotment of approx 2,000 square metres and being within a two minute drive to the local shopping precinct, doctors surgery, cafes and amenities this conveniently located property ticks a lot of boxes.

Accomodation 1:
Upstairs unit2 bedrooms with built in wardrobesModern kitchenOpen plan living areasBathroomSingle carportDownstairs external laundry
Accomodation 2:
3 bedrooms with built in wardrobes to 2 roomsModern kitchenOpen plan living areasBathroom Double carportYard has dividing fence from other units for additional privacy
Accomodation 3:
2 bedroomsKitchenOpen plan living areasBathroom Single carportExternal laundry
TENANCY:
UNIT 1: Currently tenanted at $250 per week until 25/08/2024
UNIT 2: Currently tenanted at $370 per week until 12/03/2025
UNIT 3: Currently tenanted at $250 per week until 16/08/2025

There is terrific potential for renovation or development. Renovate or add units to add to your portfolio.

Southside is thriving. This is ready for the savvy investor!!

Property Information

• Land area approx 2000sqm

Property Features

• Carports 4